Abstract

VARGAS PULIDO, William  and  GODOY ESTRELLA, Enit. Impact on Defense Spending on Economic Growth in Colombia in the last twenty years. Rev. Cient. Gen. José María Córdova [online]. 2013, vol.11, n.11, pp.227-257. ISSN 1900-6586.

Colombian economic growth over the last twenty years, has coincided with major changes in the internal conflict. It has increased spending on Defense and Security (GDS) to counter violence, the country has gone up primarily of two distinct periods the last twenty years. The first between 1993-2002 where illegal armed groups in Colombia were in a situation of high uncertainty and a second period from 2002 to 2012, where the military bowed to the guerrillas. This research analyzes the impact that has had on defense spending on national economic growth through the review of the macroeconomic variables of GDP, foreign investment and employment.

Keywords : Defense economics; economic growth; defense spending in Colombia.

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